2024 Compare Cities Economy:
Lake Forest Park, WA vs Torrance, CA

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Highlights
- Household income in Torrance, is 28% less than it is in Lake Forest Park and is 31% above the National Average.
- Lake Forest Park unemployment rate is 5.4%.
- Torrance unemployment rate is 8.2%.
 Lake Forest Park, WATorrance, CAUnited States
 Unemployment Rate5.4%8.2%6.0%
 Recent Job Growth2.6%0.7%1.6%
 Future Job Growth40.5%33.8%33.5%
 Sales Taxes10.0%9.5%6.2%
 Income Taxes0.0%8.0%4.6%
 Income per Cap.$64,519$49,624$37,638
 Household Income$139,881$100,215$69,021
 Family Median Income$165,292$120,320$85,028
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 Est. Households By Income
 Lake Forest Park, WATorrance, CAUnited States
 Income Less Than 15K2.6%6.2%9.4%
 Income between 15K and 20K1.1%2.1%3.8%
 Income between 20K and 30K2.4%4.7%8.1%
 Income between 30K and 40K2.3%5.8%8.0%
 Income between 40K and 50K3.9%5.5%7.6%
 Income between 50K and 60K4.9%5.5%7.2%
 Income between 60K and 75K6.5%7.7%9.6%
 Income between 75K and 100K11.3%12.6%12.8%
 Income between 100K and 150K21.0%20.0%16.3%
 Income between 150K and 200K18.2%12.5%7.8%
 Income greater than 200K25.9%17.6%9.5%
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 Population By Occupation
 Lake Forest Park, WATorrance, CAUnited States
 Management, business, finance20.9%23.7%16.4%
 Engineering, computers, science17.2%11.5%6.5%
 Community, social services2.0%1.9%1.8%
 Legal1.5%1.4%1.2%
 Education, library6.4%6.5%6.2%
 Arts, design, media, sports, entertainment2.7%3.8%2.0%
 Healthcare practitioners and technology7.9%6.3%6.2%
 Healthcare support1.4%1.9%3.3%
 Firefighters, law enforcement1.2%2.1%2.1%
 Food preparation, serving4.4%3.7%5.4%
 Building maintenance1.6%1.4%3.6%
 Personal care3.8%2.5%2.6%
 Sales, office, administrative support16.3%21.7%20.9%
 Farming, fishing, forestry0.3%0.0%0.6%
 Construction, extraction, maintenance/repair4.6%3.9%8.1%
 Production, transportation, material moving7.9%7.7%13.1%
Reviews for Lake Forest Park    1 Reviews

Over 3 years ago

I’ve lived in Lake Forest Park for over 6 years, having been priced out of the Seattle area, and never looked back! After living in Queen Anne in Seattle, we were  More

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Reviews for Torrance    15 Reviews

I'll admit it, I'm biased. So, I can't say what's a lot or a little without outside sources for the most part. I was born and raised in Torrance. I've lived here for 20+  More

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I have lived in Torrance for 19 years. I was fortunate enough to move here before housing prices skyrocketed in the early 2000's. I live in the middle of Torrance and as  More

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Over 9 years ago

Due to global warming, the climate has gotten warmer longer.  More

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